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South American News: December 2024

December 17, 2024 | Posted in Ag Equipment Business, Data & Trends

Argentina’s Ag Machinery Sales Jump 308% in Q3
Brazil’s Ag Machinery Sales Dropped 26%, but Industry Expects Recovery
Fendt, Valtra Introduce New ‘Integrated’ Store Model
Deere Dealership Sells 3 Stores in Southern Brazil

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CNH Expects to Underproduce Retail by 30-40% in Q4

November 15, 2024 | Posted in Ag Equipment Business, Data & Trends, Earnings Reports

Much like its competitors, CNH Industrial announced during its third quarter earnings call that its production will be cut by double digits.

South American News: October 2024

October 15, 2024 | Posted in Ag Equipment Business, Data & Trends, Mergers & Acquisitions

Machinery Sales Continue to Drop Year-Over-Year in Brazil
New Farmer Survey in Brazil Demonstrates Increased Interest for Machinery Technology
Brazil’s Dealership Vamos Splits Ag Business from Buses and Trucks
Brazil’s Antitrust Agency Approves Purchase of John Deere’s Bank by Bradesco

South American News: September 2024

September 15, 2024 | Posted in Ag Equipment Business, Ag Equipment Worldwide

Brazil Ag Machinery Sales Dropped 28.78% Through July, Signs of Recovery at Expointer
Argentina Registers Record Number of Machinery in August
Brazilian Company Aims to Electrify Ag Drones
John Deere Announces New Leadership Changes in Latin America
Argentina: FPT Partners with Pauny for Tractor Engines

South American News: March 2024

March 15, 2024 | Posted in Ag Equipment Worldwide, Dealers & Dealerships

Argentina’s Akron Aims to Strengthen Presence in North America
John Deere Announces Layoffs in Brazilian Unit
Argentina’s Plantium Invests $2.2 million
Crucianelli Enters ‘Smart Spraying’ Business

Kuhn Group Reports Net Sales Down 6% in 2023

March 15, 2024 | Posted in Data & Trends, Earnings Reports

Kuhn Group’s parent company, Bucher Industries, reported net sales for Kuhn Group of $1.61 billion, down 5.9% year-over-year, in its 2023 earnings report released March 1.

Titan International Sales to John Deere Fall 27% in 2023

March 15, 2024 | Posted in Analysis & Commentary, Earnings Reports

Tire manufacturer Titan International’s sales to John Deere represented 13% of its 2023 net sales, according to its 10-K annual report released Feb. 29.

South American News: February 2024

February 15, 2024 | Posted in Ag Equipment Worldwide

Stara Offers New Payment Options in Argentina
Deere Selects Brazilian Startup for Global Collaborator Program
Argentina’s Mainero Increases Exports
Brazil’s Farmers Pessimistic About New Purchases This Year

AGCO Reports $14.4 Billion in 2023 Sales

February 15, 2024 | Posted in Data & Trends

On Feb. 6, AGCO reported fourth quarter net sales of $3.8 billion, down 2.5% year-over-year.

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Linamar Expands Ag Equipment Presence with Bourgault Acquisition

January 15, 2024 | Posted in Mergers & Acquisitions

Linamar Corp. announced Dec. 20 an agreement to acquire Canadian implement manufacturer Bourgault Industries out of St. Brieux, Sask., for C$640 million.

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[Technology Corner] Precision Farming Dealer Summit Just What the Doctor Ordered After Challenging Year

We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.

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